Iceland's Economic Loonie-cy

Still hurt by the aftermath of massive bank failures, the tiny country ponders an economist's suggestion that it adopt the Canadian dollar as its currency.

I can't tell you how many times I've flown by Iceland on my way to Europe and pledged to visit the rugged volcanic island one day. Last week, I finally did.

I was invited to Reykjavík, the capital city, to lecture at the university about robotic trading and its incredible impact on global trading systems. I am glad that I finally made it there. During my 3½-day stay, I found Iceland's economy and politics to be just as fascinating as its geology. For instance, I learned from several members of the Althingi, Iceland's...